Industry Analysis & Industry Trends
The Aquaculture industry is expected to grow strongly over the five-year period ending 2016-17. Industry revenue is led by salmon growth. Trout, mussels and other shellfish are also farmed, but nearly 95% of industry revenue is estimated to come from salmon farming. The industry is dominated by farming of Atlantic salmon in the Scottish lochs and throughout the island coastlines of Scotland. The performance of the industry is highly dependent on trends in global salmon prices and supply conditions in competing producer countries. During the five years through 2016-17, industry revenue is estimated to rise at a compound annual rate of 5.7% to reach £922.3 million.
In the current year the industry is forecast to grow by... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Aquaculture industry is forecast to be in the growth phase of its life cycle. During the 10 years through 2021-22 industry value added, which measures the industry's contribution to UK GDP, is forecast to grow at a compound annual rate of 4.2%, much faster than the 2.3% compound annual UK GDP growth expected over the same period. This indicates that the industry is growth stage of it life cycle.
Global demand for farmed salmon has increased steadily as wild salmon catches have fallen and salmon is increasingly considered to be a healthy, premium food product. This has opened up new product opportunities and markets for industry operators. Whi.. purchase to read more